Bangkok, Thailand – Baker & McKenzie has advised Amata B. Grimm Power Co. on the establishment of the Amata B.Grimm Power Infrastructure Fund (ABPIF). This is the first energy-related infrastructure fund in Thailand and the second infrastructure fund in Thailand overall.

With two existing power plants as the primary underlying assets, the fund will help finance the construction of 16 new power plants by 2019. These additional power plants are projected to increase the company's power capacity from 613MW to 2,000MW. After an IPO and subscription period in early September, trading of the fund began on 27 September.

The Baker & McKenzie team was led by Bangkok-based partner Sorachon Boonsong, co-head of the Bangkok Corporate Mergers & Acquisitions practice group, as well as partners Viroj  Piyawattanametha and Theppachol Kosol, associates Punwadee Ratisoontorn, Susama Charoenwongse, and Purachate Manussiripen.

"We were honored to assist Amata B. Grimm Power Co. in establishing Thailand’s first infrastructure fund in the power sector. This will benefit private investors and the wider industry, while accelerating the crucial development of Thailand's electricity infrastructure," commented Mr. Boonsong.

Amata B. Grimm Power Group is a joint-venture launched by the Thailand-based companies Amata and B.Grimm, as well as Sumitomo Corporation of Japan. B.Grimm operates power plants in Thailand and Vietnam and holds a majority stake in the venture.